Commission hears update on Old Kaiser building: code violations, possible note buyer, and demolition plans
Staff reported structural concerns and code violations at the Old Kaiser building; commissioners said a note buyer may be in the wings, but condemnation and demolition remain on the table while ownership is clarified.
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Staff reported recent code-inspection findings and a structural engineering report noting collapsed areas and open pits. The commission discussed a prospective buyer of the mortgage note and uncertainty about how quickly a new owner would obtain deed rights; staff said Old National had collected a payment and that the timeline to clear ownership could be several months under publication rules.
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